The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-07-29
CONDITION OF THE MARKETS
A General Rush TO Sell Wheat Results
in a Slight Decline in Prices.
Corn Quiet and Unchanged, but "Bull' In
fuences Cause an Advance--Provisions
Quiet, with No Material Change.
MONEY. BONDS AND STOCKS.
A Radical Change in which the ..BulIs" Cal

A Radical Change in w hich the sIsulIs'' Gain
q Decided Advantage.
NEW YORK, July 28.-Money on call 304
per cent, tie last loan being made at per
cent. closing offered 1t per cent.
Prime mercantile paper, 81 q per cent
Sterling exchange was dull but steady and I'M
changed.
The total sales Of stocks to-day were 1885, $50
shares, intending the following: Canada South
eFn, 8, $50; Delaware, Lackswanna 81 Western.
24,220; Erie, 800; Lake Shore. 1865; Louisville
s. Nashville, 1850; Missouri Pacific. 1850;
North western, 1900; Jersey Central, $3.50;
Oregon Trauscontinenta 1885; Pacific Mail.
b.I3O; Reading 829 &c. St. Paul, 80. 200; St.
Paul g. Omaha. $50; Union Pacific 6,150;
Western Union, 24545.
There was radical change in the temper of
stock speculation to-day, and most of yesterday S
losses were regaDed. Prices higher
plane throughout. and while first prices were
generally the lowest recorded, the best figures
were reach ed in the last half hour Yesterday
feverlshness and irregularty continued to pre-
vail during the forenoon, but decidedly strong
tone marked the dealings for the remainder OF
the day. There was very little news of char
acter to affect values. out that received was OF
favorable character more pronounced dis
position to buy became prominent early In the
day and met with but little resistance
which was almost wholly Withdrawn toward the
close. London bought stocks and most or the
sellers of yesterday were buyers to-day. the
although the outstanding short interest is still
very large. Rumors that two of the most infiu-
entail operators were buying obtained credence.
and from the buying in Reading and Jersey
Central it believed that the clique had come
to the support of those stocks. but the active
stocks show but slight gains over the opening
figures. There was very little special feature
TO the market, which unusually uniform
In its movement The opening strong
and active f.. advances which extended to !
per cent. bat great feserishness and irreguiarlty
developed, with generally heavy tone
which became weak during the first hour. but
The market gathered strength. and by noon
was generally at about opening figures There
vas a marked decrease in the amount OF business
subject several unimportant set backs. More
positive strength was shown in the last hour
md the close was higher, Manhattan gaining
H JERSEY Central q; Texas Pacific and
Missouri Pacific, each. II: Lackawanna, Il;
Canada Southern, Reading. Richmond West
Point and Union PACING, l.
Railroad bonds active, due to the
revival of interest several of the speculative
issues. West Shore tours contributed $4,000.
and Atlantic e. Pacific incomes 1925. 600 to the
days total of 81. 068 600 The net result Of the
trading was to leave prices generally fractions
lower than yesterday; Mackinac 81 Marquette
land grants lost 4. At As
Government bonds were dull and steady.
State bonds were dull and steady. Closing